Institution: Dividend Value Appeal Remains,Fullgoal CSI 800 Banks ETF(159887) Rises 1.12% Intraday

NewTimeSpace News: As of 14:05 on January 29, 2026, the CSI 800 Banking Index (H30022) surged strongly by 1.49%. Component stocks followed suit with solid gains: Chongqing Rural Commercial Bank rose 3.86%, Bank of Ningbo climbed 3.43%, Qilu Bank advanced 3.20%, and other stocks including Bank of Jiangsu and Bank of Chengdu also moved upward. TheFullgoal CSI 800 Banks ETF (159887) rose 1.12% to close at RMB 1.26 intraday. Over a longer horizon, as of January 28, 2026, the ETF has achieved a cumulative increase of 1.80% in the past year. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, theFullgoal CSI 800 Banks ETF recorded an intraday turnover rate of 11.59% and a trading volume of RMB 186 million, indicating active market transactions. Looking back, as of January 28, its average daily trading volume in the past week reached RMB 221 million.

In terms of scale, the ETF's latest size stood at RMB 1.605 billion, a new high in nearly a month. (Data source: Wind)

In terms of shares, the ETF's latest share count reached 1.291 billion, also a new high in nearly a month. (Data source: Wind)

Regarding capital inflows, theFullgoal CSI 800 Banks ETF has achieved consecutive net capital inflows over the past 8 days, with a maximum single-day net inflow of RMB 71.6474 million. The total accumulated capital inflow amounted to RMB 256 million, with an average daily net inflow of RMB 31.9621 million. (Data source: Wind)

Data shows that leveraged funds have been continuously deploying positions. Since the beginning of this month, the net financing purchase amount of theFullgoal CSI 800 Banks ETF has reached RMB 1.4085 million, with the latest financing balance standing at RMB 64.6418 million. (Data source: Wind)

As of January 28, the ETF's net value has risen 36.42% in the past two years. In terms of profitability, as of January 28, 2026, since its establishment, the ETF has achieved a maximum monthly return of 13.20%, the longest consecutive upward period of 3 months with a cumulative increase of 17.69%, and an average return of 4.17% in rising months. The historical profit probability for a 3-year holding period is 97.15%. As of January 28, 2026, the ETF's annualized excess return over the benchmark in the past two years was 5.25%.

As of January 23, 2026, the ETF's Sharpe ratio over the past two years was 1.09.

In terms of drawdown, as of January 28, 2026, the ETF's maximum drawdown since the beginning of this year was 7.60%, with a relative benchmark drawdown of 0.01%.

In terms of fees, the ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of January 28, 2026, the ETF's tracking error in the past six months was 0.048%.

Notably, the valuation of the CSI 800 Banking Index tracked by the fund is at a historically low level. Its latest price-to-book ratio (PB) is 0.64 times, which is lower than 96.91% of the time over the past year, demonstrating outstanding valuation cost-effectiveness.

TheFullgoal CSI 800 Banks ETF closely tracks the CSI 800 Banking Index. To reflect the overall performance of listed company securities in different industries within the CSI 800 Index and provide analytical tools for investors, the CSI 800 Index samples are classified into 11 primary industries and 35 secondary industries based on the CSI Industry Classification. Indices are then compiled using all securities in each primary and secondary industry as samples, forming the CSI 800 Industry Indices.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI 800 Banking Index (H30022) were China Merchants Bank, Industrial Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Shanghai Pudong Development Bank, Bank of Jiangsu, Ping An Bank, Bank of Shanghai, and Minsheng Bank. The total weight of these top 10 stocks accounted for 67.71%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

CGS stated that the recent phased capital fluctuations are mainly affected by factors such as improved market risk appetite and sector rotation. In the medium to long term, with the continuation of the low-interest rate environment, the banking sector's advantages of low valuation, high dividends, and small performance volatility remain intact. Its dividend value is expected to continue attracting inflows of medium and long-term funds represented by insurance capital.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.